POSB To Close Branches at 7 pm

The People’s Own Savings Bank (POSB) has extended banking time by four hours to cater for the surge in demand for civil servants foreign currency payouts.

In a public notice, POSB said its banking hours have been extended from 3 pm to 7 pm. The bank also increased manpower at its branches to ensure people access their payouts in time. Customers have been assured of enough foreign currency for bonus payouts.

POSB would like to advise its valued customers that the bank has sufficient foreign currency to meet all cash disbursements relating to USD bonuses paid out by the Government of Zimbabwe between the 30th of November and the 3rd of December 2021 reads the notice.

Some banks have also extended banking hours from 3pm to 7pm to cope with the surge in the number of civil servants seeking to withdraw cash.

They have also increased staff complement to ensure the bonus payouts are disbursed in time.

This comes after disturbing reports of stampede at the banks with others spending nights in long queues in order to get their bonus payment in foreign currency.